Skip to content

Which credit card issuers are misbehaving – and how much bailout money they’ve gotten

April 17, 2009

The Wall Street Journal published this article (subscription required) about the lending behavior of banks getting bailout money.  Their abusive practices are fortunately coming under increased scrutiny.  The WSJ provides the following helpful chart:

The banks getting bailed out by the government should be required to make responsible loans.  Otherwise, as Elizabeth Warren puts it to the WSJ, regular people are paying for banks’ mistakes twice:  first as taxpayers, then as consumers paying ridiculous fees and interest rates for loans.

Has your credit card rate gone up?  Have you seen an increase in fees or behavior designed to trick you?  We know many AFFIL members have experienced rate hikes.  If you’re in the same boat, let us know in the comments, or send an email to info@affil.org.

Advertisements
One Comment
  1. February 23, 2010 5:39 pm

    And yet nothing has systemically changed in the way these casinos do business. Risky trades are still made. The banks still bet against their own clients trades. Bad assets still sit on corporate balance sheets. These institutions add no real value to society, only create phony wealth for themselves at the expense of the taxpayer and their enablers in Congress and the White House.

Comments are closed.

%d bloggers like this: